Business Succession Planning
Protect your business. Preserve your legacy.

If you're a business owner, your company is likely one of your most valuable assets — and an important part of your retirement strategy. At Goldberg Retirement Solutions, we work with you to plan for a smooth transition of ownership that supports your long-term goals and ensures the continued success of what you've built.

 

Why Succession Planning Matters

Without a clear plan in place, a change in ownership—whether planned or unexpected—can disrupt operations, create financial instability, and cause conflict among family members, partners, or employees. Succession planning helps reduce those risks and gives you more control over the future of your business.

Whether you're looking to pass your business to a family member, sell to a partner, or prepare for a future sale, we help you put the right structure in place—and align that plan with your personal retirement timeline

Our Succession Planning Services Include:

Key Person Insurance

Key person insurance helps protect your business from financial loss if a critical employee, owner, or partner suddenly passes away or becomes disabled. This coverage provides funds to help:

  • Offset lost revenue

  • Recruit and train a replacement

  • Stabilize operations during transition

Buy-Sell Agreements

Buy-sell agreements outline how ownership will transfer in the event of death, disability, retirement, or departure. These contracts are essential for ensuring:

  • Fair market value for departing partners

  • Smooth transfer of ownership

  • Continuity for the remaining owners

We help design and fund these agreements using appropriate insurance or other financial vehicles.

Cross Purchase Plans

In a cross purchase plan, co-owners agree to buy out a departing owner’s share. Each owner purchases a life insurance policy on the others and uses the proceeds to complete the transaction if needed. We help structure and implement these plans for:

  • Small partnerships

  • Closely held businesses

  • Family-owned companies

SEP & SIMPLE Retirement Plans

As a business owner, offering retirement benefits can help you plan for your own future while attracting and retaining top talent. We help you compare and implement SEP IRAs and SIMPLE IRAs, two flexible, tax-advantaged retirement plans designed specifically for small businesses and self-employed individuals.

We guide you through:

  • Choosing between SEP and SIMPLE plans based on your business size and structure

  • Employer contribution rules and deadlines

  • Ongoing plan administration and compliance

  • Employee education and communication

Whether you're looking to enhance your own retirement savings or provide valuable benefits to your team, we make the process simple and strategic.

 

The Goldberg Retirement Solutions Approach

We take the time to understand your goals, your timeline, and the people you want to protect. Then we create a strategy that reflects the full picture—your business, your retirement, and your legacy.

Our goal is to simplify complex planning decisions and give you confidence that your business can thrive, even when you're no longer at the helm.

Let’s Plan Ahead, Together

It starts with a conversation. We'll meet with you to understand the current structure of your business, your ideal exit strategy, and any concerns you may have about the future.

Start the process today. Contact us to begin building a business succession plan that protects what you’ve worked hard to create.